Stella Place · East Legon, Accra

A quiet conviction in the long Ghanaian future.

Eleven years of building businesses we plan to own for the next eleven generations.

Stella Place, the Herfa Group headquarters at 24 Mensah Wood Avenue, East Legon
Founded
2014, Accra
Structure
Private holding company
Group office
Stella Place, East Legon
Sectors
Agric · Property · Hospitality · Software
Our story

An operator's holding company.

Herfa Group was founded in 2014 with a simple, slightly unfashionable idea: that the best way to build wealth in Ghana — for ourselves, for our partners and for the country — is to own great businesses for a very long time. Not to trade them. Not to flip them. To own them.

We began in real estate, with a single residential project in East Legon. Today we are a family of five operating companies, each a category leader in its sector, each run by a managing director with full operational autonomy and the backing of a patient Group office.

We are headquartered at Stella Place, a building we built ourselves, in a neighbourhood we helped shape. The Group office is small by design — twelve people, a board of seven — because our work is in the operating companies, not above them.

We have never raised outside capital, and we have no plans to. The companies we build are the assets we hold. The compounding is the point.

The Herfa charter

Six commitments we made to ourselves in 2014.

i.

We invest with patience.

We measure ownership in decades. We will not sell a great business to make a number, and we will not buy a poor one to fill a column.

ii.

We back operators.

Every Herfa company is led by a managing director with real authority. The Group gives them capital, governance, standards and counsel — never interference.

iii.

We build in Ghana.

We hire locally, source locally, train locally and reinvest locally. The success of Herfa is inseparable from the success of the communities in which we operate.

iv.

We compound quietly.

We do not measure ourselves by press cycles or league tables. The work is the work. Time and discipline do the rest.

v.

We honour the long word.

What we promise to a tenant, a customer, a supplier or a colleague, we keep. Reputation is an asset that compounds faster than capital.

vi.

We leave it better.

Every business we own should be measurably better — for its people, its customers and its community — at the end of our stewardship than at the start of it.

Leadership

The Group office.

A small senior team responsible for capital allocation, governance, brand and standards across the family of companies. Twelve people in total, supporting more than three hundred operators in the field.

Michael K. Afreh, Founder & Group Chairman

Michael K. Afreh

Founder & Group Chairman

Adwoa Mensah-Boateng, Group Chief Executive

Adwoa Mensah-Boateng

Group Chief Executive

Dacosta Owusu Amofah, Group Chief Financial Officer

Dacosta Owusu Amofah

Group Chief Financial Officer

Isaac K. Akosah, Group Chief Operating Officer — portrait to follow

Isaac K. Akosah

Group Chief Operating Officer

“Our job is not to be a holding company. Our job is to own and build companies that endure.”
— Michael K. Afreh, Founder & Group Chairman
Continue exploring

See what each company is building.

Five operating companies, each a category leader in its sector. Begin with the portfolio, then dive into any company that interests you.

Group Office
Stella Place
East Legon, Accra
Founded
2014
(Privately held)
Team
300+ across
operating co.s
Mandate
Generational
(decade-plus hold)